Swiss banking major Credit Suisse is set to slash 163 jobs in New York, as part of a broader restructure carried out by the bank’s new CEO Tidjane Thiam.

The layoffs will take place through May, the bank stated in a notice to the state Department of Labor.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

In February 2016, the bank said that it will accelerate plans to shed nearly 4,000 jobs, in a bid to reduce costs by CHF3.5bn by 2018.

In its London-based operations, Credit Suisse axed about 200 jobs last month.

 

 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.